Did you know that just a quarter of U.S. employees with annual household incomes $50,000 or less are aware of the nine-year-old tax code provision called the Saver’s Credit? This credit helps to offset the first $2,000 they contribute to their employer-sponsored retirement plan, including 401(k), 403(b), 457 and Thrift Savings plans.
Tags: 2015, 401(k), 401(k) plan, 403(b), 457, April 15, contributions, dependent, elective deferrals, federal employees, Form 1040, Form 1040EZ, Heads of household, income tax returns, IRS Form 8880, tax code, tax year, taxpayer’s refund, Thrift Saving, Uncategorized, workplace program, IRS publication 590-A, Married couples, married individuals filing separately, public schools, retirement plan, Saver’s Credit, SHRM.org, Singles, state or local government employees, student
